Investment Overview

Park Drive presents a rare opportunity for a non-profit housing provider to acquire a newly constructed, Passive House–designed rental building in the heart of Vancouver’s Grandview-Woodland neighbourhood. Located at 1680 Adanac Street, this high-quality, purpose-built asset is nearing occupancy and is being offered entirely vacant, giving the incoming operator full flexibility to lease up the building in alignment with their housing mandate and community priorities. Approved under the City of Vancouver’s Rental 100 program, Park Drive delivers long-term secured rental housing in a highly livable and connected neighbourhood. The building features a well-balanced mix of studio, one-, two-, and three-bedroom homes, along with ground-floor commercial space that supports community-serving uses and contributes to income diversification. Built to Passive House standards, the project offers exceptional energy efficiency, reduced operating costs, and enhanced tenant comfort—supporting long-term affordability and environmental performance. Adding further appeal, the opportunity comes complete with attractive assumable CMHC-insured financing, streamlining the acquisition process and enhancing financial viability for qualified operators. Ideally situated close to transit, schools, shops, and services, Park Drive is exceptionally well-positioned to support inclusive, sustainable housing outcomes in one of Vancouver’s most vibrant communities. This is a unique opportunity to acquire a fully vacant, newly built rental asset—without the risks or delays of redevelopment or repositioning.